They keep track of finances, offer budgeting options, and provide personal finance advice in a conversational manner. Either integrated with messaging platforms and banking apps or made as standalone applications, chatbots and virtual assistants help users manage their personal finances. Chatbots and virtual assistants steal usersĪpart from banking apps, your product’s competitors – those working in the same segment – will be FinTech chatbots. The good news is, it also means you can sell the app to a bank. This means more competition for your product. Take Alliant Mobile Banking or Ally Mobile, for instance. Today, almost any banking app has budgeting features. Traditional banks have set their eyes on the personal finance management segment. PocketGuard - a money management tool with nice UI.EveryDollar - budgeting tool and expense tracker.Mvelopes - a simple personal finance app that helps plan and track a household or personal budget.You Need a Budget (YNAB) - budget, personal finance and expense tracker that offers educational resources.Mint - one of the best personal finance and money management apps.The most popular personal finance applications are: Though they may differ in functionality and focus, they hunt for the same audience and market segment. Your product’s closest competitors are other personal finance management apps. So before launching and even designing your mobile application, research and study your competitors fiercely. Your new personal finance app must be equipped for survival. Assemble a team for on-demand budget planner app development.What features the personal finance app must have in 2021.Integration with various banks and payment systems.Top-notch security and standards compliance.What do people expect from personal finance apps?.Seize the business opportunity: inclusion.Chatbots and virtual assistants steal users.

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